In 2022, Scott D. Farmer earned $6.46M in total compensation at Cintas, including $500.00K salary, $850.00K bonus and $4.77M in stock. Most recently acquired 13,576 shares in Aug 2024. Currently holds stock worth $1.91B. Has donated $373.50 in stock to charitable causes. Has led Cintas for over 22 years.
Compensation History
Annual executive compensation data for Scott D. Farmer, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$6.46M
Salary
$500.00K
Bonus
$850.00K
Other
$338.77K
Salary
$500.00KBoard Justification
Cintas' compensation philosophy for the CEO in 2022 focused on maximizing long-term shareholder value by aligning compensation with company performance, attracting and retaining talented individuals, and motivating them to contribute to Cintas' success.
Bonus
$850.00KBoard Justification
The bonus for Scott D. Farmer in 2022 was based on achieving financial objectives related to Cintas' EPS and sales growth, as well as non-financial goals related to safety. The bonus could range from 0% to a maximum of 185% of the target annual cash incentive.
Other Compensation
$338.77KBoard Justification
Other compensation for Scott D. Farmer in 2022 included reimbursements or payments for automobile allowances, executive medical program participation, Partner's Plan contributions, restricted stock dividends, and financial planning fees.
Restricted Stock
Board Justification
Scott D. Farmer received 10,116 shares of restricted stock that vested in 2022. These shares were awarded based on the achievement of Cintas' fiscal 2023 EPS and sales growth goals.
Performance Metrics
The performance metrics for Scott D. Farmer's compensation in 2022 included Cintas' diluted EPS, sales growth, and the accomplishment of certain individual goals related to safety.
Scott D. Farmer
CEO of Cintas
Education
Bachelor's degree in Business Administration from the University of Cincinnati
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
January 1, 1964 - 61 years ago
CEO of Cintas for
22 years 3 months (Sep 2003 - Present)
Previous Experience
Various roles at Cintas Corporation since 1991
Other Cintas CEOs
Holdings
Track Scott D. Farmer's stock holdings and portfolio value over time.
Charitable Transactions
2 shares
CTAS
Recent Charitable Transactions
0.5 shares
CTAS
May 31, 2024
Charity
Insider Trading
Scott D. Farmer's recent stock transactions, purchases, and sales filed with the SEC.
$10.31M
CTAS at $759.63/share
Aug 12, 2024
Received
0.5 shares
CTAS
May 31, 2024
Charity
$4.96M
CTAS at $490.16/share
Aug 10, 2023
Received
538.5 shares
CTAS
May 31, 2023
Inheritance
$4.19M
CTAS at $397.83/share
Jul 26, 2022
Received
$11.62M
CTAS at $388.86/share
Jul 27, 2021
Received
$9.99M
CTAS at $259.03/share
Jul 22, 2019
Received
40,000 shares
CTAS
Jul 12, 2019
Charity
$17.08M
CTAS at $202.73/share
Jul 30, 2018
Received
$13.16M
CTAS at $134.45/share
Aug 7, 2017
Received
Rivals
Compare Scott D. Farmer with competitor CEOs and industry peers.
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Stock
$0.00
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Bonus
$2.21M
Other
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$234.68K
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2023 Compensation
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$0.00
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Bonus
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Daniel S. Glaser
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2023 Compensation
Stock
$5.78M
Salary
$1.40M
Bonus
$6.00M
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$329.85K
Total Holdings
$10.17M
L. Neil Hunn
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2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$21.17M
Other
$512.21K
Total Holdings
$248.58K